YES Wealth Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Yes Wealth Management provides discretionary investment management, financial planning, and retirement plan advisory services to individuals (including high net worth clients), trusts, estates, and retirement plans. The firm reports managing roughly $127 million for about 100 clients and offers plan-level services that can include acting as a 3(38) discretionary fiduciary for employer retirement plans.
The brochure describes a primarily long‑term, risk‑managed asset allocation approach that uses fundamental analysis and constructs portfolios largely from ETFs and low‑cost mutual funds, while permitting individual stocks, bonds, and retained legacy positions where appropriate. It also states the firm may rebalance or trade for cash needs and, in separately managed accounts, employ derivatives as part of its risk‑management and hedging toolkit.
Compared with many peers, the use of derivatives in separately managed accounts is an atypical feature of the firm’s stated investment program, and the firm discloses this alongside more conventional strategies. The brochure also discloses an institutional relationship with a major custodian that provides technology and support to the adviser — a benefit to the firm that the document notes can create potential conflicts of interest in custodial recommendations.
Client services
Expertise
Fee options
$0 - $750,000: 1.00% $750,001 - $1,500,000: 0.75% $1,500,001+: 0.50%
Fee-only: Fees are asset-based and charged quarterly in advance; no commissions are charged.
Main office
86 Mahtomedi Avenue
Mahtomedi MN 55115
Advisors at this office
3
Most active in
Florida · Louisiana · Michigan · Minnesota · Nebraska · Texas
Also doing business as
S Capital Wealth Advisors · S Capital Wealth Advisors, LLC · Yes Wealth Management
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Michael H
Series 63, Series 65
Mahtomedi, MN
YES Wealth Management
Michael Heflin is a financial advisor at YES Wealth Management with five years of industry experience. He holds Series 63 and Series 65 licenses and has worked at BMO Capital Markets Corp., GMB Capital Partners, and S Capital Wealth Advisors. He is the founder and CEO of Class Action Connection, a business that assists individuals and businesses in recovering compensation from class action settlements. YES Wealth Management provides discretionary investment management, financial planning, and retirement plan advisory services to individuals, trusts, estates, and retirement plans. The firm employs a primarily long-term, risk-managed asset allocation approach using fundamental analysis and a mix of ETFs, mutual funds, and individual securities, with an investment program that notably includes derivatives in separately managed accounts.
James H
Series 65
Mahtomedi, MN
YES Wealth Management
James Heflin is a Series 65-licensed financial advisor with 10 years of industry experience. He has worked at S Capital Wealth Advisors, LLC since 2016. Heflin is currently affiliated with YES Wealth Management in Mahtomedi, MN, a firm with three advisors. YES Wealth Management provides discretionary investment management, financial planning, and retirement plan advisory services to individuals, trusts, estates, and retirement plans. The firm manages approximately $127 million for around 100 clients, following a primarily long-term, risk-managed asset allocation strategy that incorporates ETFs, mutual funds, individual securities, and the use of derivatives in separately managed accounts.
Robert S
Series 63, Series 66
Mahtomedi, MN
YES Wealth Management
Robert Schneeweis is a financial advisor at YES Wealth Management in Mahtomedi, MN, holding Series 63 and Series 66 licenses with 12 years of industry experience. He has worked at S Capital Wealth Advisors, LLC since 2015. Outside of investment advisory services, he is also an insurance agent with a separate business involvement in insurance product sales and services. YES Wealth Management provides discretionary investment management, financial planning, and retirement plan advisory services to individuals, trusts, estates, and retirement plans. The firm employs a primarily long-term, risk-managed asset allocation approach with a notable use of derivatives in separately managed accounts as part of its risk management strategy.
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